Outed cards, now including a 130K gain on an Aaron rookie

[Johnny630]

Originally Posted by Peter_Spaeth

How do you feel for the guy who bought the 9 (assuming it was altered by the Skerbes in some way)?

Like S too. However they know it’s in a PSA holder and it seems like that all that matters altered or not as long as it’s holder. I do not believe this Namath card has been altered.

Wish I could see a better scan of the Namath card on the left in the PSA 7 holder. Would like to see that bottom left corner better.

Idk

[Goudey77]

When I see all the talk about price increases and conspiracies of cards getting into higher grade holders. It reminds me of the simple fact that a grader from a TPG decided to make it so. These buyers are buying the grade. The TPG is the end game. Auction house just delivers.

It’s not even about the cards anymore. It’s the label and some cash $$$
Collectors have essentially made PSA the god of cards. Even if that happens to be a random guy or kid from So California.

[Bored5000]

That $252,000 price increase on the Namath card is just unreal. And people on here were actually skeptical if any card doctor would have had the balls to work on a $3,000 card?

I would always rather have an absolute rarity than a grade rarity, so I can't fathom at all why a two grade difference means a quarter of a million dollars.

[Peter_Spaeth]

Originally Posted by Goudey77

When I see all the talk about price increases and conspiracies of cards getting into higher grade holders. It reminds me of the simple fact that a grader from a TPG decided to make it so. These buyers are buying the grade. The TPG is the end game. Auction house just delivers.

It’s not even about the cards anymore. It’s the label and some cash $$$
Collectors have essentially made PSA the god of cards. Even if that happens to be a random guy or kid from So California.

It is indeed a strange form of alchemy -- take the same card, change what the flip says, and magically create 200K of value. David Hall certainly tapped into something didn't he?

[1952boyntoncollector]

Originally Posted by Peter_Spaeth

It is indeed a strange form of alchemy -- take the same card, change what the flip says, and magically create 200K of value. David Hall certainly tapped into something didn't he?

May need to check out those Topps 1980 Ricky Henderson Rookies....what the difference is price between a PSA 8, PSA 9 and PSA 10?

[Goudey77]

Originally Posted by Peter_Spaeth

It is indeed a strange form of alchemy -- take the same card, change what the flip says, and magically create 200K of value. David Hall certainly tapped into something didn't he?

And $5,000 in grading fees for PSA. Everybody wins.

[perezfan]

Except for the minimum wage PSA grader. He got his $10 per hour, while his 2-grade bump made his company and the consignor wealthy. Gotta believe some of these hourly wage workers can’t resist a little payoff now and then.

The combination of TPGs and human greed have created a monster (as evidenced by the rather common Namath card).

[buymycards]

It would be interesting to see the income tax returns for the card doctors. Did the person who made a $200k profit on one card pay Federal and State income taxes? I doubt it.

[japhi]

Originally Posted by buymycards

It would be interesting to see the income tax returns for the card doctors. Did the person who made a $200k profit on one card pay Federal and State income taxes? I doubt it.

Zero chance they paid taxes owed. And I wonder if this is where this case ends up, in tax court.

I also wonder what IRS’s stance would be on the Vault, which is clearly an instrument to avoid state sales tax.

[WhenItWasAHobby]

Originally Posted by buymycards

It would be interesting to see the income tax returns for the card doctors. Did the person who made a $200k profit on one card pay Federal and State income taxes? I doubt it.

I can't say positively. But you bring up an interesting point. If one of these card doctors tried filing a lawsuit against someone who called them out as a card doctor and the alleged card doctor claimed damages such as defamation, business disparagement, etc., their business records will be fair game in a court of law if they claim the negative postings damaged their business reputation.

[Fuddjcal]

Originally Posted by Goudey77

When I see all the talk about price increases and conspiracies of cards getting into higher grade holders. It reminds me of the simple fact that a grader from a TPG decided to make it so. These buyers are buying the grade. The TPG is the end game. Auction house just delivers.

It’s not even about the cards anymore. It’s the label and some cash $$$
Collectors have essentially made PSA the god of cards. Even if that happens to be a random guy or kid from So California.

are you finally seeing the light My favorite Martin Is the PWCC PSA love fest over for you? it's much much deeper, Isn't it?

[WhenItWasAHobby]

Originally Posted by Johnny630

Like S too. However they know it’s in a PSA holder and it seems like that all that matters altered or not as long as it’s holder. I do not believe this Namath card has been altered.

Wish I could see a better scan of the Namath card on the left in the PSA 7 holder. Would like to see that bottom left corner better.

Idk

This follow-up post on the '65 Namath PSA "7 to 9" is very persuasive that a touched corner was "fixed" thus making the card appear to be mint.

https://www.blowoutforums.com/showpo...&postcount=227

[1952boyntoncollector]

Originally Posted by WhenItWasAHobby

This follow-up post on the '65 Namath PSA "7 to 9" is very persuasive that a touched corner was "fixed" thus making the card appear to be mint.

https://www.blowoutforums.com/showpo...&postcount=227

well im sure we will be told 'its being worked out' and what do we know because we are idiots and are not first hand involved in the matter...and our opinions mean nothing......

nobody sues for 250k and there will never be an argument of whether a card is altered or not...PSA will just pay out 200k because of a letter... , nothing to see here.....its only about 10k or less cards, nobody will have damages for more than 10k....

good point on tax argument by previous poster